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Solar Financing

FOR YOUR BUSINESS

JP Electric & Solar

LET THE GOVERNMENT PAY FOR 30% OF YOUR SOLAR SYSTEM

NOTICE:  INVESTMENT TAX CREDIT STEP DOWN 2019

You may benefit by going solar in 2019 with the Federal Investment Tax Credit (ITC). A tax credit is a reduction of income tax a person or company would have to pay the federal government. The ITC is based on the amount of the solar investment.

  • 30 percent for projects that begin construction in 2019
  • 26 percent for projects that begin construction in 2020
  • 22 percent for projects that begin construction in 2021
  • After 2021, the residential credit drops to zero while the commercial credit drops to a permanent 10 percent

 

Commercial and utility-scale projects which have commenced construction before December 31, 2021 may still qualify for the 30, 26 or 22 percent ITC if they are placed in service before December 31, 2023.

Reference: https://www.seia.org/initiatives/solar-investment-tax-credit-itc

 

SOLAR FINANCE OPTIONS HAVE EXPANDED FOR SMALL TO MEDIUM-SIZED BUSINESSES MAKING IT POSSIBLE TO GO SOLAR AND KEEP YOUR WORKING CAPITAL.

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Purchase

A GREEN INVESTMENT THAT PAYS

Cash purchases typically offer the maximum return on investment. You have complete access to federal, state and local solar initiatives where available, which can offset solar project cost significantly.

BENEFITS:

  • You can keep any solar tax credits and/or state and local incentives for which you may be eligible.
  • Reduction of wait times on finance approval and requirements.
  • Fewer parties involved offers greater potential savings.
  • Reduces total time required for installation.
  • Generally offers maximum return on investment.

LEASE

Low, or no up-front cost

You lease a solar panel system, and lower your electric bill by using the energy it generates. At the end of the lease, you can purchase the system at a reduced cost, renew the lease, or have the system removed.

Benefits:

  • Financing is often lower cost than a PPA.
  • Lessor tax benefits can reduce lease payment (tax benefits expiring soon).
  • Minimal up-front payments reduce investment.
  • Benefit from available incentives.

PACE

NO UP-FRONT COST

PACE financing provides capital to add energy upgrades, including solar to your facility with repayment programs that are cash flow positive on day one. Eligibility is based on property value, not your credit history.

BENEFITS:

  • You own your system.
  • Immediate positive cash flows.
  • Reduced electricity costs.
  • You can keep any solar tax credits and/or state and local incentives you may be eligible for.

PPA

NO UP-FRONT COST

A third party pays for installation, owns, operates, and maintains the system. You have an agreement to purchase energy produced from that system, locking in lower energy costs for the long term.

BENEFITS:

  • No capital investment.
  • Fixed energy costs, often lower than your prior rates.
  • No responsibility for operations or maintenance.
  • Only pay for energy consumed.

What people have to say

Testimonials

Christina San Nicolas

Residential

"I didn’t much about the whole solar power system until JP electric solar company took the time to educate my husband and myself about the benefit of owning such a system. Thank you Eric and Jeremy for giving us knowledge for the long term decision making. Great customer service" 👍

Steve F

Residential

"If anybody is looking to go Solar they should go with JP Electric & Solar. They are the best. We had a guy that we were going with after 45 days we hadn't heard a word from them then Matt from JP Solar called within a month we had solar panels installed. Matt was very informative he answered every question we had. I'm so glad Matt found us. I would definitely recommend them. Great guys to work with."

David Gomes

Residential

"JP Solar was great through the whole process. From the signing the contract to being tied into the grid with PG&E took about 60 days. They are responsive to all of your questions via email or phone. The installers take about 3- 4 hours and they did a great job as well. So far my SunPower X-22’s are putting out great numbers and now that I’m tied into the grid they will zero out my electric use. Overall I’m very happy with panels and JP Electric & Solar and would definitely recommend them to anyone in the market."

Derek A

Residential

"Matt Thomas was very helpful during the entire process from beginning to installation. He was a great professional to work with. I'm glad I obtained the best quality panels through a local company!"

What people have to say

Testimonials

Christina San Nicolas

Residential

"I didn’t much about the whole solar power system until JP electric solar company took the time to educate my husband and myself about the benefit of owning such a system. Thank you Eric and Jeremy for giving us knowledge for the long term decision making. Great customer service" 👍

David Gomes

Residential

"JP Solar was great through the whole process. From the signing the contract to being tied into the grid with PG&E took about 60 days. They are responsive to all of your questions via email or phone. The installers take about 3- 4 hours and they did a great job as well. So far my SunPower X-22’s are putting out great numbers and now that I’m tied into the grid they will zero out my electric use. Overall I’m very happy with panels and JP Electric & Solar and would definitely recommend them to anyone in the market."

Derek A

Residential

"Matt Thomas was very helpful during the entire process from beginning to installation. He was a great professional to work with. I'm glad I obtained the best quality panels through a local company!"

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